Category: Banking & Fintech

Tala, a global financial platform, has reached a major milestone by serving 10 million customers across East Africa, Latin America, and Southeast Asia. This achievement, which coincides with the company’s tenth anniversary, highlights its significant impact on providing financial services to underserved populations. With nearly $6 billion in credit disbursed globally, Tala is empowering individuals in regions where traditional banking systems have long been out of reach due to the lack of credit scores.

NCBA has expanded its presence in Homa Bay County with the official launch of its new branch, reinforcing its commitment to serving the local economy and bringing financial products closer to customers. The new branch is already showing significant success, with over 1,000 accounts opened since its doors were first opened in January 2024. This growth is largely attributed to NCBA’s strategic partnerships across key sectors such as retail trade, transport, farming, education, and the blue economy, which are vital to the region’s economic growth.

Equity Bank has taken a significant step toward supporting the growth of Small and Medium Enterprises (SMEs) in Kenya and the broader East African region by signing a trade credit financing deal with BPI France, a prominent French investment bank. This partnership aims to offer funding in both US dollars and Kenya shillings, giving local and regional investors the financial support they need to expand their businesses across six countries where Equity Bank operates.

NCBA Bank has officially opened a new branch in Kitui, marking a significant milestone in the bank’s commitment to improving banking access and promoting financial inclusion across Kenya. Located at the Chief Kitonga Building in Kitui town, the new branch strengthens NCBA’s strategic focus on expanding its footprint in more regions and providing residents with greater convenience in accessing banking services.

Toni Campbell, a managing partner at Kinfolk Venture Capital, has been appointed as the interim CEO. This transition marks a significant change in leadership for the company.